26 Awaruku Road, Torbay, Auckland - North Shore

Nestled in a serene cul-de-sac at 26 Awaruku Road, Torbay, Auckland, this freehold property built in 1970 boasts a prime location on the North Shore. The 240sqm floor area is complemented by 3 bedrooms, a study, and ample living spaces, with the exterior featuring fibrous cement walls and tiled roofing in average condition. The 754sqm north-facing site is on level contour, providing a perfect canvas for potential value addition. The property has seen a significant Capital Value (CV) increase of 19.5% from $1,025,000 in 2017 to $1,225,000 as of 2021, with the HouGarden AVM estimating a value of $1,140,000. Historically, the property sold for $145,000 in 1992, highlighting a promising investment growth trajectory.

As for the government valuations, the latest figures reflect a promising trend for investors. The property's CV has been on a steady rise, indicating a strong market sentiment. The HouGarden AVM provides a competitive estimate, making this property an attractive prospect. The latest sale history underscores the potential for capital gains in this sought-after location.

Educationally, the property falls within the decile 10 zone, served by Long Bay College for secondary education, Glamorgan School, and Northcross Intermediate, ensuring top-notch education facilities for the family. This is an opportunity not to be missed, especially for those seeking entry-level buying in a convenient location, on a bus route, and a short drive from the popular Long Bay beach.

Updated on June 13, 2024